Equities researchers at UBS Group started coverage on shares of Pentair (NYSE:PNR) in a report issued on Monday. The brokerage set a “sell” rating on the industrial products company’s stock.
A number of other analysts have also commented on PNR. Stifel Nicolaus reiterated a “hold” rating and issued a $67.00 price target on shares of Pentair in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Pentair from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Seaport Global Securities reiterated a “buy” rating on shares of Pentair in a research note on Wednesday, October 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $74.00 price target (up from $70.00) on shares of Pentair in a research note on Monday, October 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $70.00 price target on shares of Pentair in a research note on Wednesday, October 4th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Pentair presently has an average rating of “Hold” and an average price target of $70.91.
Shares of Pentair (NYSE PNR) traded down $0.04 during mid-day trading on Monday, hitting $73.94. 673,016 shares of the stock were exchanged, compared to its average volume of 855,007. Pentair has a 52-week low of $57.44 and a 52-week high of $74.84. The company has a market capitalization of $13,434.58, a price-to-earnings ratio of 22.41, a PEG ratio of 1.76 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.05.
Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. sell-side analysts forecast that Pentair will post 3.53 EPS for the current year.
In related news, insider Karl R. Frykman sold 11,386 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total transaction of $799,752.64. Following the completion of the sale, the insider now directly owns 36,476 shares in the company, valued at $2,562,074.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William T. Monahan sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $70.27, for a total transaction of $702,700.00. Following the sale, the director now owns 50,656 shares of the company’s stock, valued at $3,559,597.12. The disclosure for this sale can be found here. Insiders have sold 214,824 shares of company stock valued at $14,603,044 over the last 90 days. 9.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in PNR. Tiedemann Wealth Management LLC boosted its position in shares of Pentair by 25.8% in the third quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 2,091 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Pentair in the third quarter worth approximately $116,000. YorkBridge Wealth Partners LLC boosted its position in shares of Pentair by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 111 shares during the period. Krilogy Financial LLC boosted its position in shares of Pentair by 121.2% in the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 1,250 shares during the period. Finally, Leavell Investment Management Inc. bought a new position in shares of Pentair in the fourth quarter worth approximately $207,000. Institutional investors own 84.34% of the company’s stock.
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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